Business
Posting of Circular
Posting of Circular.
About this update from Home Reit Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n \nHome REIT plc\n \n(\"Home REIT\" or the \"Company\")\n \nPosting of Circular\n \nFurther to its announcement of 16 July 2024 regarding the proposed implementation of a managed wind-down strategy (the \"Managed Wind-Down\"), the Company today announces that it has published a circular (the \"Circular\") containing details of the proposed changes to the Company's investment policy and notice of a general meeting to be held on 16 September 2024.\n \nThe Board are proposing to amend the Company's investment policy in order to effectively implement the Managed Wind-Down strategy for the Company pursuant to which the assets of the Company would be sold with the objectives of optimising remaining shareholder value and repaying the Company's loan balance (the \"Proposal\").\n \nThe text of the Chairman's letter, which includes the rationale for the Proposal, together with the expected timetable, have been extracted from the Circular without material amendment and are set out in the Appendix below.\nThe Circular also includes a notice of general meeting of the Company to be held at 8 Bishopsgate, Level 1, London EC2N 4BQ on 16 September 2024 at 10 a.m. (the \"General Meeting\").\nThe Circular will also be available on the Company's website (www.homereituk.com).\n \nThe person responsible for arranging the release of this announcement on behalf of the Company is Apex Group.\n \nFOR FURTHER INFORMATION, PLEASE CONTACT:\n \n\n\n\n\nFTI Consulting (Communications Adviser)\nDido Laurimore\nBryn Woodward\nOliver Harrison\n\n\[email protected]\n+44 (0)20 3727 1000 \n\n\n\n\n \nThe Company's LEI is: 213800A53AOVH3FCGG44.\n \nFor more information, please visit the Company's website: www.homereituk.com\n \n \n \nAppendix\n \nExpected timetable of principal events:\n \n\n\n\n\nPublication of this circular\n\n\n23 August 2024\n\n\n\n\nLatest time and date for receipt of proxy appointments and instructions for the General Meeting\n\n\n10 a.m. on 13 September 2024\n\n\n\n\nGeneral Meeting\n\n\n10 a.m....